Power Nickel Increasing The Tonnage at NISK Nickel Project To A Commercial Resource
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If you believe in the future of Nickel and Electric Vehicles, Power Nickel is an emerging growth company you need to start paying attention to. Halfway through their second drill program at their NISK Nickel project, they believe they will become Canada's Next Nickel mine. Why? They recently announced one of the best Nickel holes in recent history with 40.3m @ 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt (PN-22-009) Now they have followed it up with a thick intercept of high grade material from their Phase 2 drill program with 10.25 metres of 1.4% Ni, 0.88% Cu, 0.09 Co, and 2.52 g/t Pd, 0.56 g/t Pt. The results confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 metres at depth and to the east and below to central portion. Power Nickel is identifying nickel mineralization with each successive assay returned. That is great as there are many more to come. Having reported on ten (10) of the fourteen (14) holes from the Fall 2022 campaign, there are another ten (10) holes to come, and perhaps another ten (10) prior to end of the Winter 2023 program. Upon completion, a new metallurgical report is anticipated and delivery of a NI 43-101 technical report can be expected by the end of June or early July. Why is this important? It will provide Power Nickel with a resource estimate that starts them on their way to targeting an initial 8 to 10 Million tonne deposit. This would place them in commercial tonnage status, immediately putting them in the spotlight of Mid-Tier and Major mining companies. They believes that 20 to 50 Million tons is possible within the next 2 years through expansion and further discovery of similar Nickel pods believed to be on the property. There are very few emerging companies that can compete with Power's timelines and growth possibilities. This is especially true if you believe in the future Green Economy. Nickel is being consumed in growing quantities. The current primary driver is its use in stainless steel where it accounts for 60% of demand; globalization and urbanization in developing countries is also having an immense impact. Electrification is also very new and creating an new demand for the metal that some believe will outstrip its demand use for stainless steel. Electrification is quickly becoming a primary driver with 12 to 15 percent of of current demand predicted to become 50% by 2030. Lets not also forget the important role played in lithium Ion Batteries chemistries with 40% Nickel use increasing to 60% by 2025. The future of of Nickel is in the emerging renewable energy revolution and they intend to meet that demand through development of the NISK project where they believe they demonstrate 50 million tones, putting on the map with Voisey's Bay. The equal pressure of demand and supply positions Power Nickel to grow into one of Canada's next low carbon, high grade Nickel mines. Sit back and enjoy this great take on the Nickel market and Power Nickel's current and future place in it with CEO Terry Lynch